05/10/2015

The Sensex ended up 66.12 points or 0.25 percent to 26220.95 and the Nifty ended
up 2.00 points or 0.03 percent to 7950.90.
IT services firm HCL Technologies stuck out as the biggest Nifty loser after it
sounded revenue alarm owing to adverse currency movement and issues with a
client in the public services vertical.Maruti was another big loser following lowerthan-expected September vehicle sales.

NIFTY

7948.90

7992.05

8008.25

7930.65

7950.90

0.03%

NIFTY JUNIOR

19609.75

19765.10

19808.25

19629.50

19752.40

0.73%

LIX 15

3085.50

3082.25

3083.35

3045.45

3055.45

-0.97%

MIDCAP 50

3201.35

3228.70

3236.70

3188.55

3201.20

0.00%

NIKKEI 225

17479.97

17831.58

17389.57

17722.42

1.89%

HANG SENG

20795.93

20939.39

20683.11

20846.30

1.39%

TAIWAN

8194.30

8317.79

8170.78

8295.94

1.38%

SSE

3052.84

3073.30

3039.74

3053.32

0.50%

CNX Bank

17216.30

17362.95

17390.60

17111.65

17150.20

-0.38%

CNX Finance

7048.10

7118.00

7118.00

6980.70

6996.15

-0.74%

12032.10

11877.85

11998.70

11769.50

11867.85

-1.37%

13050.15

13183.05

13042.10

13140.85

1.72%

CNX IT
CNX Pharma

12918.75

M&M

completes

acquisition

of

33%

stake

in

Mitsubishi

Agri

M&M on Thursday completed USD 25 million acquisition of 33 percent stake in Mitsubishi

Agricultural Machinery Co, which has been renamed as Mitsubishi Mahindra Agricultural Machinery
Co. Mahindra & Mahindra, which had announced the acquisition in May this year, said in a statement
that the two companies entered into a capital tie-up through a third party allocation of new shares.
As a result of the capital infusion, Mitsubishi Heavy Industries now owns 66.7 percent and M&M 33.3
percent in Mitsubishi Agricultural Machinery (MAM).
Starting from October 1, 2015 the name of the company (MAM) has been changed to Mitsubishi
Mahindra Agricultural Machinery Co, it said, adding a new organisational structure has also been
announced.
Under the new structure, Katsumi Tottori, former President of MAM, has been appointed as CEO of
the new entity, while Sudhir Jaiswal, ex-VP Commercial Business and Planning, International
Operations of M&M, will be the CFO.
It further said Takahiro Hisano, former VP and General Manager of Development and Design at
MAM,
will
be
the
CTO
and
Senior
Vice-President,
it
added.

Opportunity to enter Sun Pharma

"Within pharma if you are in a good company you just stay there. But if somebody wants to
invest, let us say, there are a lot of people who are not in pharma or not as much as they should
be, Sun Pharma is an opportunity. The stock has gone through a deep correction, it is now
building the right base for that move that we have already seen in Lupin and Dr Reddy's
Laboratories ."
Sun Pharmaceutical Industries closed at Rs 891, up Rs 19.80, or 2.28 percent. It has touched
an intraday high of Rs 895 and an intraday low of Rs 873.25.
BUY SUNPHARMA ABOVE 890 TGT 920 SL 860.

The information contained here was gathered from sources

deemed reliable however; no claim is made as to accuracy or

content. This does not contain specific recommendations to buy or
sell at particular prices or time, nor should any examples presented
be deemed as such. There is a risk of loss in equity trading and you
should carefully consider your financial position before making a
trade. This is not, nor is it intended, to be a complete study of chart
patterns or technical analysis and should not be deemed as such.
Money Classic Investment Advisors does not guarantee that such
information is accurate or complete and it should not be relied
upon as such. Any opinions expressed reflect judgments at this
date and are subject to change without notice. For use at the sole
discretion of the investor without any liability on Money Classic
Investment Advisors.